Posted on 03/17/2023 7:12:08 AM PDT by Kaiser8408a
Its crisis time again.
First, The Fed’s discount window soared to its highest level since … you guessed it … the previous financial crisis of 2008/2009.
Second, the 10-year Treasury yield declined -12 basis points this morning as investors flee to safety.
Bankrate’s 3-year mortgage rate rose to 7%, but with today’s decline in the 10-year Treasury yield we should see mortgage rates declining.
Yes, much of the blame belongs to The Fed’s leadership (Bernanke, Yellen, Powell) for leaving rates too low for too long, then suddenly try to lower inflation by raising rates. Now we have The Fed’s balance sheet INCREASING again as the use of The Fed’s discount window soars to highest level since Lehman Bros fiasco.
(Excerpt) Read more at confoundedinterest.net ...
Hear Hear! I'm all for that!
This guy is an ass....
Bernanke saved this country from depression...
I said it back then, and I will say it again...
Whoever calls for Bernanke’s head is the enemy
Janet Yellen is another of Biden’s freak show cabinet picks. Besides her incompetence and extraterrestrial facial features, what’s with her speech pattern? Does she have a speech impediment? She overly-enunciates every word, in what I would call, a robotic manner.
No, Bernacke pushed the idea of too big to fail. And he papered over the problem and made it worse today. A good analogy for Bernacki is walking in the door and finding your wife double teaming to football players from the local college. Rather than go through a pain of a divorce, you smooth over and continue on. Now you walk in the door and find half the football team in the room pounding her. That’s what Bernacke did. He simply kick the can down the road and now it’s even worse.
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